Sical Logistics: Holding Co Pledges Shares for ₹85 Cr Loan

Pristine Malwa Logistics Park Private Limited, the holding company of Sical Logistics Ltd, has executed an Unattested Deed of Pledge for certain equity shares of Sical Logistics. This pledge is in favor of CTL Trusteeship Limited, acting as Security Trustee, to secure a term loan refinancing facility of up to ₹85 crores availed by Sical Logistics from Axis Bank Limited. The transaction is considered in the normal course of business and does not immediately impact the management or control of Sical Logistics. The Pledgor retains voting rights until an event of default occurs.